XRP Makes History: Brazil Approves World’s First XRP Spot ETF, Fueling US Speculation
In a landmark move for cryptocurrency adoption, Brazil’s B3 stock exchange has launched the world’s first XRP spot ETF, XRPH11, managed by Hashdex. This groundbreaking development eliminates technical barriers for mainstream investors and marks a significant step toward institutional crypto adoption in Latin America. The approval has intensified speculation about potential similar products in the US, especially as XRP continues to outperform broader crypto markets. The ongoing legal clarity surrounding Ripple’s case with the SEC adds further momentum to XRP’s growing prominence in the financial sector.
Brazil Approves World’s First XRP Spot ETF, Fueling US Speculation
Brazil’s B3 stock exchange has made history with the launch of XRPH11, the world’s first XRP spot ETF. Hashdex’s groundbreaking product eliminates technical barriers for mainstream investors, marking a pivotal moment for institutional crypto adoption in Latin America.
The approval intensifies pressure on US regulators as XRP continues outperforming broader crypto markets. Legal clarity around Ripple’s ongoing SEC case appears to be creating fertile ground for financial innovation, with traders anticipating potential ETF domino effects in North America.
XRP Surges Past $2.30 as XRPFi DeFi Launch Nears
XRP has breached the $2.30 mark, fueled by anticipation for the April 29 debut of XRPFi, a decentralized finance platform built by Flare Networks. The launch marks a pivotal shift for XRP, which historically lacked smart contract capabilities on its native ledger.
Flare’s solution introduces FXRP, a wrapped version of XRP that bridges the token to DeFi applications. This unlocks staking, lending, and borrowing functionalities—previously inaccessible to XRP holders. The development positions XRP to compete in the $100B+ DeFi market after years of limited utility.
The price rally reflects pent-up demand from investors seeking yield opportunities. As Flare Networks tweeted, "Tomorrow"—a single word that captured market sentiment ahead of the protocol’s go-live date.
SEC Approves First-Ever XRP Futures ETF, Sparking 7.5% Price Surge
The U.S. Securities and Exchange Commission has granted approval for ProShares’ XRP futures ETF, marking a watershed moment for Ripple’s digital asset. Set to launch April 30, 2025, this derivatives-based product represents the first regulated investment vehicle tracking XRP’s futures contracts rather than spot prices.
XRP immediately rallied 7.5% to $2.34 following the announcement, pushing its market capitalization to $136.97 billion. The gains stood in stark contrast to broader crypto market declines, underscoring the significance of institutional validation for the once-controversial asset.
This regulatory milestone builds upon Ripple’s 2023 courtroom victory against the SEC, which established crucial legal precedents for cryptocurrency classification. Market observers view the ETF approval as accelerating XRP’s transition from speculative token to mainstream financial instrument.
SEC Greenlights ProShares’ XRP Futures ETFs, Sparking Market Rally
The U.S. Securities and Exchange Commission approved ProShares’ suite of XRP Futures ETFs, including Leveraged and inverse products, marking a watershed moment for institutional crypto adoption. XRP surged 4% on the news as traders anticipate renewed institutional demand.
ProShares, already a dominant Bitcoin ETF provider, will launch three novel products: a 2x leveraged Ultra XRP ETF, a bearish Short XRP ETF, and a -2x leveraged Ultra Short XRP ETF. This regulatory milestone follows the firm’s successful Bitcoin ETF offerings, suggesting growing SEC comfort with crypto derivatives.
The approval signals potential for broader altcoin ETF adoption, with market participants now scrutinizing the SEC’s stance on similar products for Ethereum and Solana. Trading volumes spiked across major exchanges including Coinbase and Binance as the news broke.
